The bad news is, if you never write your own will, to your surprise, you already have one. YES, we all have a Will already.

About two-thirds of Americans don’t have a written Will. A Will is something that they put off or have not gone around it yet. The process for dividing your assets will vary dramatically state by state.

A Will has been written for you, and you will not like it. Each state has some stipulations and guidelines in case you passed. The state will decide who will get your assets and who will take what and that is including your living assets like your kids and pets.

There are a lot of benefits when we use credit cards. Credit cards are the best way to create a financial history. When you have a credit history, it allows you to borrow money and acquired certain things that otherwise, it will take you years. For example, a car, or a house.

It also allows you to rent a car, or a home, get a cell phone, getting insurance, your utilities, and sometimes even a job!

Credit cards can also protect you from robbers or fraudulent purchases.

Another benefit is that you can track your spending as long as you open your statements and take a look at them every month.

Some people use their credit cards as an emergency fund. It is not ideal, but I understand because sometimes putting aside 6 months of emergency funds takes time. Having it available on the credit cards, makes it convenient.

This is your life's dream, to become an entrepreneur. You want to leave your 9-5 and achieve your dreams. You know that the journey, the endless hours and sacrifices will be worth your time because, in the end, you will achieve financial freedom.

But with entrepreneurship comes some risks. Most businesses don't reach the 5-year mark. Why? Because of mistakes that have caused them to fail.

Today I am going to show you the 16 biggest mistakes new entrepreneurs and business owners make and how to avoid them.

Not Doing ResearchBefore going into business, you have to do your research. Is your product needed in your current market? Do I know who is your ideal audience or client? Who is your competition? Trust me, you do have one.

Make sure to do your research prior to spending a cent on anything else. What is the point to start a business where no one needs your product? Create momentum for your product with your potential clients even prior to spending anything.

If you are wondering why do you need to create a budget or spending plan, I am going to tell you on this blog.

No matter if you like it or hate it, having a budget can help you improve your finances immediately.

The reason to have a budget or a spending plan is so you can spend intentionally on the things that are most important to you. This is the first step to financial freedom even though it sounds like it is not. Why?

First, because you will eliminate the guilt on how your money it is spent.

Second, because if you create a budget and decide where your money is gonna go, you will feel in control and empowered.

Third, because you know that you will have money every time to either put aside or to be able to achieve your bigger goals that are not immediate.

Fourth, because it will eliminate the guessing game on where did your money go at the end of the month.

Most home loans payments will pay the principal-and-interest in the home. This means that your regular payments will reduce the principal (amount borrowed) as well as paying off the interest. With an interest-only loan, you only pay interest on the amount you have borrowed for an agreed period of time (usually up to 5, 7 or 10 years).

What does an Interest-Only Loan will offer you?

Lower Monthly Payment: Because you are paying the only the interest on the loan, your monthly payment is lower.

Payment Flexibility: When you have an interest-only loan, it gives you the flexibility to either make your interest-only payment or put an additional amount that goes to the principal.

Free Up Money: Because your payment is significantly lower than a fully amortized payment, this frees up money for other things. The smartest way to use the money that you have freed from paying towards your house is to put it towards...

This might come as a surprise, but the reality is that women have different financial needs than men. Why? Because we are different, we are treated differently, and our lives are different than men.

So today we are going to review 7 things that make women financial needs different from men.

The Pay Gap- As women, till this date, we are still getting paid less in the workforce. This is due to various reasons. One of them is that when a woman looks for a job, if she doesn't have at least 90% of the requirements for the job, she will not apply, and if she does, she will feel that she doesn't "deserve" to negotiate because she didn't have all the qualifications. As for men, if they have at least 60% of the requirements, they will apply as they say to themselves, I can figure out the rest. Plus they will negotiate their salary as well. The other thing that causes the pay gap, comes directly from the employers, a lot of them still think...

Do you know? Most people are not aware that they need to pay fees on their 401k. In a survey conducted by Woelfel Research, Inc. of Dunn Loring, VA, revealed that "7 out of 10 people (71%) had no idea that they have to pay fees in their 401k. Also, about three in five (62%) are unaware of how much they are paying in fees."

This is alarming and worrisome as you do want to know how much are you paying in fees.

What Your Employer Know and What You Know

There is no congruency between the employer version and the participant version. Most likely as a participant what you will see in your disclosures is the following: "Additional administrative fees may apply" or "contact your administrator". Unfortunately, your administrator is your employer which means that most likely, they will have the employer version of the disclosures. The financial companies are making these disclosures so difficult to understand that it can be overwhelming.

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Don't forget to grab the 20 TIPS TO SPEND LESS AND SAVE MORE MONEY PDF? By just making a few small changes you can put yourself in a better position financially in just a few days and achieve your bigger and more important goals.